Uzbekistan
NAVOI FREE INDUSTRIAL ECONOMIC ZONE in Uzbekistan
In order to further stimulate attraction of foreign investments, to create the most comfortable conditions for foreign investments and to use more effectively great economic and investment potential of Uzbekistan Free Industrial Economic Zone “Navoi” was created according to Decree of the President of Uzbekistan Islam Karimov on December 2, 2008 at the territory o Navoi region of the Republic of Uzbekistan.
“Navoi” FIEZ offers wide range of opportunities for foreign investors and initially endows business with important comparative advantages. Location of “Navoi” FIEZ is at the territory of 564 ha near Navoi city, one of the most industrial in Uzbekistan and 100–175 km away from big cities and industrial centres of Uzbekistan - Bukhara and Samarkand.
“Navoi” FIEZ territory is subject to special legislative regulations including for taxing, currency, customs and simplified order for entry, stay and departure for non-residents of Uzbekistan. Comprehensive preferences apply for tax, customs and other obligatory payments. Operation period of “Navoi” FIEZ is 30 years with possibility of further extension.
Land parcels at the territory of “Navoi” FIEZ are provided for rent to businessmen for the period of investment activity at very low rates or free of charge. That’s why businesses don’t have any need to buy land to start production and therefore don’t have to make additional spendings.
To ensure the most comfortable conditions for investors, production sites in “Navoi” FIEZ are provided with high level infrastructure. FIEZ enterprises are provided with adequate transport and service infrastructure, labor security systems and comfortable living conditions.
Read more about this topic: Special Economic Zone